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HAHT Lands $17M in First Round After Recapitalization


Raleigh-based HAHT Commerce, a software provider for order, brand, and customer service management between manufacturers, channel partners, and customers, closed on $17 million in a Series A round of funding. The round, the company's fifth overall, is the first after the company's recapitalization earlier this year. Adobe Ventures, Aurora Funds, BankAmerica Capital Investors, CIBC Capital Partners, Menlo Ventures, Sippl McDonald Ventures and Southeast Interactive Technology Funds participated in the round. www.haht.com

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Sustainable Jobs Fund Invests in HDS Cosmetics Lab, Inc.


Sustainable Jobs Fund, L.P. (SJF) has closed on an investment in HDS Cosmetics Lab, Inc. of Harrison, NY as part of a $1 million financing round, according to SJF Managing Director Dan Hoversten. HDS Cosmetics Lab, which develops, manufactures and markets high-end skin-care products, expects to create at least 35 new quality, manufacturing jobs targeted to low income citizens in New York within the next four years. The $1 million financing round was led by Easton Hunt Capital Partners and included New York Community Investment Company. The capital will fund the expansion of marketing efforts, research & development, and production capacity for HDS. The Sustainable Jobs Fund, LP is a venture capital fund that invests in growing businesses in the eastern United States that create quality jobs for low-wealth individuals. SJF has offices in Philadelphia, PA and Durham, NC. www.sjfund.com.

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ChannelAdvisor Gains Two New Clients


RTP-based ChannelAdvisor Corp. has been awarded contracts to provide enterprise marketplace management solutions for two wine companies that will begin selling premium wine on eBay in November. New Vine Logistics and Winetasting.com will list the wine in a new sub-category in the food and beverage section of eBay's Home & Garden category. EBay is testing the sale of wine among its 37 million registered users for a trial period. Terms of the deals have not been disclosed. www.channeladvisor.com

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CED/WUNC Entrepreneurs On-Air Challenge A Success November 2


During WUNC's morning show on November 2, CED challenged entrepreneurs to make pledges to WUNC-FM, which in turn leveraged a $4,500 pool of donations from the Challenge. CED raised $4,500 in the Challenge, and we matched the on-air challenge of $4,500 in the first half hour of the program. All together CED along with our members helped raise $9000 for the Challenge. WUNC is extremely grateful to the CED challenge donors below!

Analytical Sciences, Inc.
BioPharma Consulting
CISYS
Commerciality
Essential Business Solutions
Hughes Pittman & Gupton
Hutchison & Mason
Inspire Pharmaceuticals
Interface Technologies
Lineberry Research Associates
MetaPartners, A Corporate Occupancy Solutions Provider
NC Technical Development Authority
O'Brien/Atkins Associates
PharmaLinkFHI
Research Triangle Ventures
River Cities Capital
Therapy Edge
TechKnowledge Communications

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WFU's Babcock School Opens Business Incubator


Winston-Salem's much-anticipated business incubator was officially opened last week by Wake Forest University's Babcock Graduate School of Management as part of a broad effort to support the local business community. The Babcock Demon Incubator is aimed at promoting entrepreneurial education at the university and offers services and expertise to fledgling companies that have the potential for fast growth and significant economic effect in the Triad. The incubator operates under the Babcock School's Angell Center for Entrepreneurship. According to the Winston-Salem Journal, the incubator's first tenant is a newly formed retail-technology company, Cygnetics Corp., and university officials said that 15 other local companies have expressed interest. Paul F. Briggs Jr., a retired executive from Duke Energy, has been appointed the director of the incubator. www.mba.wfu.edu

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Wachovia Sets Lending Goal of $5 Billion to Women-Owned Businesses


Charlotte-based Wachovia says it has committed to a goal of lending $5 billion to women-owned businesses by the end of 2005. As part of the commitment, Wachovia has underwritten "Removing the Boundaries: The Continued Progress and Achievement of Women-Owned Enterprises," a new study conducted by the Center for Women's Business Research in Washington, D.C. The study is an in-depth look at the characteristics of women-owned firms in the United States between December 1997 and December 2000, focusing on financial strength and growth. www.wachovia.com

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Events Update




November 27th — Marketing Roundtable: Marketing to Your International Customers

November 27th — HR Roundtable: Developing Your Employee Compensation Package

November 28th — CEO Roundtable: Defining Your Market

November 30th — Capital Connection Application Deadline

December 6th — EntreForum: Exploring New Business Opportunities

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